THEPLANNINGMOTIVE.COM

LATEST RATES OF PROFIT FOR CHINA & THE USA.

Addition to Mariupol comment. It now appears that there were 5 helicopters on a resupply and evacuation mission and only two were shot down by ground troops, not the Russian air force, which was absent. The use of Russian planes as flying artillery encourages hit and run tactics by the Ukrainians.

CORRECTING AND SUMMING UP THE ‘DOUBLE-SOLUTION’ TO THE TRANSFORMATION PROBLEM.

In earlier articles I indicated I would correct earlier posts which did not acknowledge that the second part of the double-solution, the one I added to Marx’s first part, transformed the price of commodity into the price of production rather than market values into prices of production. This is now done. This article therefore represents the most complete exposition of the double-solution to the Transformation Problem.

THE BRITISH CHANCELLOR’S CRUEL SPRING STATEMENT.

GLOBALISATION TEARS, BLEEDING PROFITS.

THE FALL OUT FROM THE WAR IN UKRAINE GOES GLOBAL.

RUSSIA OUT OF WESTERN UKRAINE, THE U.S. OUT OF EUROPE.

WAR RETURNS TO EUROPE. AND THE VICTOR IS THE USA.

EMPERICAL SUPPORT FOR THE “DOUBLE-SOLUTION” TO THE TRANSFORMATION PROBLEM.

This is a theoretical piece which concludes the years of work I have put into refining and correcting the ‘double-solution’ to the transformation problem. The solution remains loyal to Marx’s methodology found in Chapter 9 of Volume 3 and is employed to complete the solution to the transformation problem. I will say it again, the law of value stands or falls on our ability to explain the transformation problem and therefore the relation between underlying values and circulating prices.

I have been asked why the two distributions of 26 need to be equivalent. The reason is that the first distribution of 26 yields specific ‘prices of commodities’ which when they circulate becoming input prices, yield specific prices of capital. Only by using the second 26 (divided between capital and profit) are those specific prices captured. Anything more than 26 and anything less than 26 would yield different prices of capital. Thus the prices of capital found in the articles are not accidental, rather they are real as if executed by competition.

SEASONAL ADJUSTMENTS. WHEN UP IS DOWN AND DOWN IS UP. The intriguing case of January U.S. retail sales and its effect on the markets.

I have corrected a mistake in the original. Nominal (unadjusted) retail sales fell by 20% not 25% between December and January.

TWO DAYS IN FEBRUARY THAT ROCKED THE US STOCK MARKETS.